pensions

MARK WOOD, the former UK chief executive of Prudential, has convinced former FSA chairman Sir Howard Davies to join the board of his new insurance company, The Times says this morning.

A National Pensions Savings Scheme (NPSS) is needed to help young people save for retirement, claims the Trades Union Congress (TUC).

HUNDREDS OF thousands of staff will not be able to benefit from pension reforms coming into force this week as two major surveys are thought to have found many big companies are unprepared for the changes, according to the Daily Telegraph .

Norwich Union has announced a number of changes to its senior management team, including the replacement for the chief executive of Norwich Union Life (NUL).

Her Majesty's Revenue and Customs have published draft Finance Bill provisions to clarify how Inheritance Tax (IHT) will apply to pensions.

THE CHANCELLOR yesterday refused to support claims by Tony Blair and John Hutton, the Work and Pensions Secretary, suggesting it would cost £15bn to compensate workers deprived of their pensions, reports The Times .

The proportion of private sector employers which offer some kind of pension provision to employees has declined since 2003, according to research published by the Department for Work and Pensions (DWP).

A survey of the UK annuity market published by the Department of Work and Pensions (DWP) has highlighted potential risks for the insurance industry in dealing with longevity risk and long-term debt shortages.

The National Association of Pension Funds (NAPF) has expressed concern about the way draft guidance on employer contributions to registered pension schemes could affect members of defined benefit (DB) multi-employer schemes.

Her Majesty's Revenue and Customs (HMRC) have added unquoted shares to the list of items subjected to tax charges if held within Self-Invested Personal Pensions (Sipps), claims A J Bell Group.